The silicon tetrachloride market has been gaining traction over the years owing to the extensive usage of silicon tetrachloride as a precursor in the semiconductor industry during wafer manufacturing. Silicon tetrachloride, also known as tetrachlorosilane, is an inorganic compound with the formula SiCl4. It is a colorless fuming liquid with a faint ethereal odor. Silicon tetrachloride acts as an essential precursor during the manufacturing of silicon wafers for semiconductor devices as it provides high-purity silicon on thermal decomposition. It finds widespread adoption in deposition processes like epitaxy and chemical vapor deposition during wafer fabrication.
The global silicon tetrachloride market is estimated to be valued at US$ 3.33 Bn in 2024 and is expected to exhibit a CAGR of 3.7% over the forecast period from 2024 to 2031.
Key Takeaways
Key players: Tokuyama Chemicals Co. Ltd, Evonik Industries, PCC Group, Shandong Xinlong Group Co Ltd, Air Products and Chemicals, Inc, Momentive Specialty Chemicals Inc., Merck KGaA, Dow Corning, ATCO, Hemlock Semiconductor Corporation, Reade International Corp, Alfa Aesar, Vizag Chemicals, Ennore India Chemicals, and RX CHEMICALS.
Key opportunities: Rapid economic growth and increasing consumer electronics demand in developing Asian economies have opened lucrative growth opportunities for Silicon Tetrachloride Market Growth. Furthermore, continuous technological advancements in the semiconductor industry will augment the product demand over the coming years.
Global expansion: Leading manufacturers are strategizing global expansion plans by investing in production facilities across China, Europe, and North America to establish a strong foothold across key markets and serve the growing overseas demand for their products.
Market drivers:
The rising demand for electronic products including smartphones, laptops, and other consumer electronics devices is a key driver for the silicon tetrachloride market. Continued miniaturization of devices and changing consumer behavior and preferences will sustain the demand from semiconductor manufacturers. Furthermore, increased electrification of automobiles along with growth of silicon-based photovoltaic technology will open new growth avenues for silicon tetrachloride over the forecast period.
PEST Analysis
Political: The global silicon tetrachloride market is highly regulated due to its hazardous nature. Regulations around its manufacturing, transportation, usage and disposal influence the operations and revenues of market players.
Economic: Volatility in the prices of raw materials required for manufacturing silicon tetrachloride impacts the overall production costs. Fluctuations in the global economy have a ripple effect on end-use industries and their demand for silicon tetrachloride.
Social: Strict worker safety norms and environmental regulations aim to reduce accidents and pollution arising from silicon tetrachloride usage. Market players focus on developing less toxic alternatives to address sustainability concerns.
Technological: Innovation in photovoltaic technology drives the demand for ultra-high purity grades of silicon tetrachloride. Advances in large-scale manufacturing processes help reduce costs and improve efficiencies.
Value concentration in North America: North America accounts for over 30% of the global market value due to strong demand from the semiconductor and solar industries in the US, Canada and Mexico. Major manufacturers in the region cater to the needs of domestic end-users with technological capabilities and infrastructure.
Fastest growing region: The Asia Pacific region is expected to register the highest CAGR during the forecast period. Countries like China, Japan, South Korea and India have witnessed rapid industrialization and infrastructure growth, thereby increasing silicon tetrachloride consumption across various end-use sectors including electronics and solar energy.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
